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The latest announcement is out from Currys plc ( (GB:CURY) ).
Currys Plc announced the repurchase of 619,064 of its own ordinary shares for cancellation, as part of a share buy-back program authorized by shareholders earlier this month. This transaction, executed through Panmure Liberum Limited, reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing the value of remaining shares.
The most recent analyst rating on (GB:CURY) stock is a Hold with a £150.00 price target. To see the full list of analyst forecasts on Currys plc stock, see the GB:CURY Stock Forecast page.
Spark’s Take on GB:CURY Stock
According to Spark, TipRanks’ AI Analyst, GB:CURY is a Neutral.
Currys plc shows a positive financial trajectory with strong cash flow and improved leverage, contributing significantly to the score. The technical analysis indicates a bullish trend, though caution is advised due to overbought conditions. Valuation metrics suggest the stock is fairly priced, with a modest dividend yield.
To see Spark’s full report on GB:CURY stock, click here.
More about Currys plc
Currys Plc operates in the retail industry, focusing on the sale of consumer electronics and related services. The company is known for its wide range of products including home appliances, computing devices, and entertainment systems, catering primarily to the UK and Ireland markets.
Average Trading Volume: 3,078,368
Technical Sentiment Signal: Buy
Current Market Cap: £1.48B
Find detailed analytics on CURY stock on TipRanks’ Stock Analysis page.